Mudra Bank Loan Rate Interest.

Mudra Bank Loan Rate Interest.

Banks offer Mudra Loans to help micro-enterprises generating income in the non-corporate and non-agricultural sectors, which require loans of less than Rs 10 lakh. The interest rate on start loans is 7.30% p.a. The loan repayment period is between 1 year and 7 years.

Loan Details 

Interest Rate

7.30% p.a. onwards

Loan Amount

Up to Rs.10 lakh
Loan Tenure

Up to 7 years

Processing Fee

Subject to the lender

Mudra loan is given under 3 different schemes. The loan amount depends on this.

These are the schemes :

Name of Scheme

Loan Amount

Shishu Scheme

Up to Rs.50,000

Kishor Scheme

Rs.50,000 to Rs.5 lakh

Tarun Scheme

Rs.5 lakh to Rs.10 lakh